Location: Fenkle Street, Central Newcastle, England, UK
Name: Hotel Indigo, Newcastle
No. of Keys: 148
The Property: Opened in 2012, the hotel was originally an office building. The restaurant is a branded Marco Pierre White steakhouse with 74 covers and a further 50 seats in the Grainger Cocktail lounge.
Parking for 102 cars (a 10-year lease, with freehold available to acquire) and a health & fitness centre. The Hotel Indigo is located opposite The Assembly Rooms, on Fenkle Street, one of the major conference providers in Newcastle. Catering for up to 920 guests, which offers room hire for banqueting, conferences and weddings.
Newcastle is home to 58,000 students at two top-end universities, Newcastle United Football Club, great transportation links, an international airport, fine shopping and bars and restaurants.
Plans have been submitted for £250 million Newcastle Quayside West development, which will see the area at the west end of the city’s Quayside transformed into an urban village. The proposed development will bring 1,500 homes, a hotel and 34,790 sq. ft of commercial
space, generating 600 construction jobs and 575 post development jobs to the area. The Quayside West development aims to act as a catalyst for re-development in the area making the Quayside an attractive place to live, work and visit, and includes various leisure attractions.
Main Photo: A bedroom at the Indigo…as is the trademark with the brand, the hotel reflects the origins of the city – in this case a Grainger town
Tenure: Leasehold – 242 years remaining with peppercorn rent. Freehold can be acquired.
Brand/Management: Flag is IHG, Indigo brand and management is an HMA with Interstate. The restaurant in run by Black & White Hospitality. Details once LOI is provided
Current Owner: A property fund
Guide Price: On Application
Guide Price per Key:
Financials: Available once LOI is submitted
Date Posted: November 2019
THPT Comment: A fab opportunity to acquire this centrally located, good size hotel in Newcastle, which has a great growth future.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT